# Gold struggles below $4,050 as Fed rate-hike bets boost US Dollar

> Gold reversed earlier gains and traded near $4,016 after falling 2.67% the previous day. The drop followed October US CPI that rose 0.4% month-on-month, above forecast, and hawkish Fed remarks, with markets fully pricing a December hike. A broadly stronger dollar weighed on the metal.

- Date: 2026-11-11 · published 2026-11-12T03:12:53.777Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/94851-gold-struggles-below-4-050-as-fed-rate-hike-bets-boost-us-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger inflation data and firmer rate-hike bets lift the dollar and lower the appeal of non-yielding gold, keeping near-term price pressure to the downside.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2026-09-24 | [Japanese Yen struggles as Fed rate hike bets drive US yields higher](https://feedsoft.ai/events/17708-japanese-yen-struggles-as-fed-rate-hike-bets-drive-us-yields-higher.md) | +0.7% | +1.0% |
| DXY | 2023-11-16 | [Dollar steady as U.S. jobless claims boost Fed rate cut bets](https://feedsoft.ai/events/10103-dollar-steady-as-u-s-jobless-claims-boost-fed-rate-cut-bets.md) | -0.3% | -1.2% |
| DXY | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | +0.6% | +0.7% |
| DXY | 2026-06-30 | [US dollar holds near 13-month high as yen's slide, Fed rate hike bets boost the greenback](https://feedsoft.ai/events/19010-us-dollar-holds-near-13-month-high-as-yen-s-slide-fed-rate-hike-bets-boost-the.md) | -0.1% | -0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-struggles-near-4-050-as-fed-rate-hike-bets-intensify-202611111103

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.